Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have been asked to determine the shortest amount of time the project below can be completed while accomplishing all activities. 5 days 2 7
You have been asked to determine the shortest amount of time the project below can be completed while accomplishing all activities. 5 days 2 7 8 days 3 days 6 days 5 6 days 4 days 2 days 1 3 7 days 8 8 days 6 3 days 4 days 4 Your supervisor wants to complete the project in 18 days by using the project crash process. Given the crash costs detailed below, what is the minimum amount of money your company can spend to complete the project in 18 days? Activity Normal Time (days) Crash Time (days) Normal Cost ( Crash Cost x12 6 4 $500 $1,000 x13 2 2 $750 $750 x14 3 2 $2,000 $2,500 x23 3 1 $250 $450 x25 8 4 $5,000 $7.400 x27 5 3 $10,000 $15,000 x36 7 6 $20,000 $ $24,500 x46 4 2 $500 $2.500 x58 4 4 $1,000 $1,000 x68 8 5 $3,000 $3,750 x78 6 4 $5,000 $7,000 What is the minimum amount that your company can spend to crash the project length to 18 days? Do not include dollar signs, commas, or decimal points. Round your answer to the nearest whole number
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started